1. Annual General Meeting
October 26th
2016

2. Horizontal Pump Overview
Deployment results from latest installation have proven the theory that varying degrees of depletion has occurred along the wellbore
We base this on the following ;
Recovered frac sand
Gas interference at the heel area
Cross flow
Fluids separation
Water traps

3. Gained Knowledge/Next Step
Effective pump positions in the horizontal section
Initial production improvements tempered by water loading
The results indicate stranded reserves remain in place
The system is robust and versatile, allowed for consistent and selective inflow and outflow control from the frac ports to the production tubing
Next Steps;
The addition of electric over pneumatic activation, pressure monitoring and individual pump control will transition the system into a production management platform and allow commercialization in deeper longer wellbores
Preliminary design work has begun, vendors have been identified and testing is continuing in the shop to determine flow dynamics associated with increased pump cycles.

4. 2 deployments/different results
Pump# “Heel” 845mtr MD
Pump#3 2015
966mtr MD
Pump#2 2015
1114mtr MD
Pump#1 2015
“Toe”1261mtr MD
Pump#4 2016
“Heel”1005mtr MD
Pump#3 2016
1125mtr MD
Pump#2 2016
1245mtr MD
Pump#1 2016
“Toe”1410mtr MD

5. Rod Pump Overview
The 1.5” and 2.5” high angle Reciprocating Rod Pump are ready for commercialization. The pumps performed as expected in horizontal and high deviation >75deg landed angles
The Large bore pump is in late development
The company has a number of technical sessions booked with interested parties particularly for cyclic steam and high volume well bores.
Seal technology testing is continuing for high temperature installs

6. Thank you